CAPE TOWN – Energy Africa’s renewal of its cautionary announcement on Monday about a potential change of ownership further heightened speculation about who the aspirant new owners could be.
Sources said stakes were high that a black empowerment deal could be on the cards, making this one of the many empowerment deals expected over the next few months as the oil industry scrambled to live up to its promises to increase black involvement in an industry so far dominated by multinationals and white-owned local companies. Market speculation puts Mvelaphanda Resources, led by Tokyo Sexwale, as one of the front runners to secure this mouthwatering deal.But some hoped this would not involve the “empowerment” of black groups already in the industry at the expense of smaller, more community-based groups.The issue of finance would, however,
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